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Background to the Bounce Back Loan The UK Government has announced that a new loan will be available from today to help small businesses. Details of the loan, called a ‘Bounce Back Loan’ can be found on the following web-site: https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan. Bounce Back Loan – summary In summary, the loan: is aimed at helping small and […]

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Two reasons why we don’t think a sole director can be furloughed The question that I am trying to address here is if a sole director can furlough himself or herself In summary, there are two reasons why I don’t think that this is allowed under the current rules: Reason 1: A company must always […]

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Taxable grant of 80% of average monthly profits, up to a maximum of £2,500/month The UK Government announced today a grant to help self-employed to help them cope with the financial impact of Coronavirus. The Coronavirus Self-Employment Income Support Scheme, as it is called, is worth 80% of the self-employed persons average monthly profits over […]

Deadline for filing accounts with Companies House delayed by 3 months The UK Government has announced that from today (25/03/20) businesses can apply for a 3-month extension for filing their accounts. The Government says: “As part of the agreed measures, while companies will still have to apply for the 3-month extension to be granted, those […]

This post summarises the webinar that we held earlier today (25/03/20, 9:30am UK Time) regarding the aid that is available to small businesses and the actions we suggest that you take. As I noted before, we would like to offer these services to our clients free of charge. However, like everyone else we need to […]

Please excuse this global e-mail. I have written it because, following yesterday’s UK election, it now looks likely that “Brexit Day”, the day that the UK will leave the EU, will actually happen on the 31 January 2020. Following this there will be a “transitional period that lasts until at least 31 December 2020. What […]

AccountsCo is a trading name of PG&E Professional Services Ltd., a company registered in England & Wales (Company number 7074536. VAT number GB 981 0085 26). PG&E Professional Services Ltd. is a member of the Institute of Chartered Accountants in England & Wales Practice Assurance Scheme and is registered with the Chartered Institute of Taxation as a firm of Chartered Tax Advisers and with The Chartered Institute of Logistics and Transport. The Company is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England & Wales. Details about the audit registration can be viewed at www.auditregister.org.uk under the reference number 8181020. The Director’s details are kept at the registered office: 1 Purley Place, London, N1 1QA. Terms & Conditions